NEWS

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Arris Group said Wednesday it will buy British set-top box maker Pace for $2.1 billion in cash and stock and reincorporate in the U.K. to cut its taxes.
Shares of Arris surged $7.46, or 24.4 percent, to $38 in after-hours trading.
Arris posted $5.32 billion in revenue in 2014 and…

Sonnet Technologies today announced the availability of the Sonnet DX Thunderbolt Adapter for Avid Media Composer Mojo DX and Avid Nitris DX. Formerly built by Sonnet and offered by Avid, the DX Thunderbolt Adapter is now marketed exclusively by Sonnet to users of Avid's Mojo DX digital video capture, editing,…

Orad has announced that its TD Control live production control system is being used by RFD-TV in the cable net’s new studio and broadcast facility.
The new facility uses TD Control to manage and control all its video outputs, including video walls and monitors in the new studio.
The site…

Gannett has chosen “Tegna” as the name for the publicly traded broadcasting and digital company that it will spin off mid-year. A second company, retaining the Gannett name, will hold the publishing businesses.
“Tegna is a nod to the more than 100 year-old history of Gannett,” said Gracia Martore, Gannett…

International Datacasting Corp. (TSX:IDC) has a deal to sell its broadcast products business for US$4.1 million cash to a private California-based company with a complementary lineup of technology.
Pico Digital Inc. of San Diego, Calif., will also provide US$1 million in bridge financing to the Ottawa-based technology company.
The definitive…

Verizon is defending its new, cheaper cable packages that let customers choose groups of channels as media companies protest.
Francis Shammo, Verizon's chief financial officer, said in a conference call Tuesday that the new packages are allowed "under our existing contracts."
The plans were rolled out Sunday. They start at…

Political pressure continues to build for federal regulators to block Comcast Corp.'s proposed $45-billion takeover of Time Warner Cable.
Half a dozen U.S. senators -- including Democrats Al Franken of Minnesota, Elizabeth Warren of Massachusetts and Ron Wyden of Oregon -- sent a letter Tuesday to Atty. Gen. Eric H.…

Rentrak, the leader in precisely measuring movies and TV everywhere, has signed a TV measurement agreement with KDOC-TV (IND) in Los Angeles.
KDOC-TV will utilize Rentrak's massive and passive measurement system, including Rentrak's single-source automotive ratings, to demonstrate the value of their audiences and inventory in reaching specific types of…

Norway has decided that it's time to shut down FM radio, flagging the beginning of 2017 as the time the country will fully transition to Digital Audio Broadcast (DAB) as the standard for over-the-air audio transmissions.
The Norwegian Ministry of Culture first proposed switching off FM radio in 2011, but…

AT&T has launched its fiber-based, 1-Gig-capable “GigaPower” service in parts of Chicago, where the telco competes with Comcast and RCN Corp.
AT&T said it will initially offer GigaPower in parts of Elgin, Oswego, Plainfield, Skokie, Yorkville and “surrounding communities located throughout the metro area.” AT&T estimates that it has…

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